Forever 21 Closing More Stores Nationwide
Another retail chain is filing for bankruptcy and closing stores across the country.
Forever 21 has announced they they are closing nearly half of their US stores after filing for Chapter 11 bankruptcy protection.
Times are rough for clothing chains. And the cheap fashions typically sold at Forever 21 are apparently not what young shoppers are looking for anymore.
Despite rapidly growing nationwide in the mid-90s, these days people aren't shopping Forever 21 like they used to.
So the company has decided to downsize in order to stay alive.
That means closing the doors on 178 stores in the United States along with most of their Asian and European locations.
The company has over 500 stores in the U.S., so many will remain after the downsizing takes place. But which ones stay and which ones go hasn't been announced yet.
So will the SouthCoast keep it's Forever 21? Are people still shopping the Dartmouth Mall location like they used to?
I'm going to guess that Dartmouth wouldn't be on the chopping block.
With no Forever 21's left in Rhode Island and the only other location near us in North Attleboro, I would think the shop in our corner of the world gets to stay. I mean taking away all the Forever 21's south of Boston seems a little silly right?
Still a lot of stores are going to close and there is no word on which ones. So fingers crossed Forever 21 shoppers.
But if you really love their clothes, I'd plan yourself a shopping spree ASAP.